Annual Meeting Outcomes and Board Composition

ANNUAL MEETING OUTCOMES AND BOARD COMPOSITION Property for Industry Limited (PFI, the Company) today held its annual meeting of shareholders virtually and in person at the HSBC Tower, Auckland. Shareholders passed three resolutions, details of the total number of votes cast are as follows: (See table in attached PDF) Further to the announcement on 19 February 2024, changes have been made to the composition of the PFI Board with effect from the close of the annual meeting. Greg Reidy has left the PFI Board. Jeremy Simpson, who joined the Board as a Director on 27 February 2024, has been elected as a director of the Company by Shareholders at the annual meeting. Anthony Beverley has stepped down as Board Chair and will remain on the Board as an Independent Director. Following this change Dean Bracewell has stepped down as People Committee Chair to take on the role as Board Chair, and David Thomson is now the People Committee Chair. As a result of these changes, the PFI Board now comprises of Dean Bracewell (Board Chair), Angela Bull, Anthony Beverley, Carolyn Steele, David Thomson, and Jeremy Simpson. The Company's People Committee comprises of David Thomson (People Committee Chair), Dean Bracewell, and Angela Bull. The Company's Audit and Risk Committee comprises of Carolyn Steele (Audit and Risk Committee Chair), Anthony Beverley, and David Thomson. ENDS ABOUT PFI & CONTACT PFI is an NZX listed property vehicle specialising in industrial property. PFI's nationwide portfolio of 92 properties is leased to around 126 tenants. For further information please contact: SIMON WOODHAMS Chief Executive Officer --- Phone: +64 21 749 770 Email: woodhams@propertyforindustry.co.nz CRAIG PEIRCE Chief Finance and Operating Officer --- Phone: +64 21 248 6301 Email: peirce@propertyforindustry.co.nz --- Property for Industry Limited Level 4, Hayman Kronfeld Building, 15 Galway Street, Auckland 1010 PO Box 1147, Shortland Street, Auckland 1140 www.propertyforindustry.co.nz End CA:00428982 For:PFI Type:MEETING Time:2024-04-03 13:12:26